Financial & Investment Review
We will act as your Financial
Advisor and sounding board. DeHoff & DeHoff, PC can review your
investments and ideas and suggest the best structure to
maximize the growth of your investment/retirement
portfolio. As a CPA, we can also analyze the tax
effects of various investment options.
Starting an investment program does not take a lot of
money. In some cases you can start with as little as $25
to $50 per month into a quality mutual fund. The key to
building an investment or retirement portfolio is to
start early in life and invest consistently!
We can also analyze your life insurance needs. Various
forms of insurance are available from well-known and
respected companies., This includes low-cost term
insurance, whole life, universal life, and variable
universal life.
Please call or e-mail
to receive a FREE copy of our investment information
brochure.
Financial Services
(Use the excellent calculators at the end of this page.)
Start
planning and stop worrying!
In a recent Gallup poll, 60% of those surveyed said they
worried about their financial future.
There are a few simple steps you can take to help
reduce your worries.
Put aside some amount regularly in savings or other
investments. The compounding of earnings can be
substantial. The longer your investment period, the
greater the beneficial effect of compounding.
Invest in what you know. The better informed you
are, the better your investment decisions will be. If you
don't want to learn about investments, consider using the
services of a Financial Advisor to help you with your
investment choices and decisions.
Diversify your investments. Have some of your
money in an investment that is easily converted to cash
in case of emergencies. The old adage "don't put all
your eggs in one basket" is good advice when it
comes to your investments.
Prepare an annual balance sheet, a list of all
your assets minus all your debts. A comparison of your
annual balance sheets will reveal your success at growing
your retirement funds.
Plan where you want to be financially by retirement age.
The calculators listed below will help you determine your
savings requirements. Once you know how much you need to
save, let us help you put your plan into action. Over 90%
of Americans must rely on the government or others for
assistance during retirement. With proper planning and
diligence, you may be among those who can retire in
comfort.
Don't use credit to purchase consumption items.
Wait until you can pay cash for things which decrease in
value. Borrowing money to purchase a home is usually a
sound idea. Using credit to purchase household
furnishings is not.
Monitor your investments to maximize your after-tax
return. Use the calculator below to compare the
long-term results of different interest rates. The
differences can be dramatic.
Let us do at least an annual review of your insurance
needs to determine that you are neither under-
nor over-insured.
The Magic of Compounding!
If you could have one of the following as your pay for
thirty days' work, which would you choose? (A) $10,000 or
(B) a penny the first day, two cents the second day, four
cents the third day, eight cents the fourth day, and so
on, with each day doubling on out to 30 days.
The $10,000 sounds very attractive, but the fact is
that the penny doubled each day for 30 days adds up to
over five million dollars. Of course, that is 100%
interest compounded daily, a rate not available to most
working folk. Nevertheless, you see the power of
compounding your earnings.
Here are some easy-to-use calculators.
Do you know how much you need to set aside to fund a
college education for your child?
How much must you save each month for your retirement?
What will your Individual Retirement Account (IRA) be
worth when you get ready to start drawing on it?
You can get rough answers to these and other questions
very quickly by using the following calculators and a few
estimates on your part. If we can be of help or answer
questions for you, please call us.
Benefits of increasing your mortgage payments.